Did you know?
If you plan on selling an asset at a profit, consider spreading that sale out over several years. You can spread a capital gains tax up to 5 years, as long as your payment plan persists for 5 years.
Have questions? Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
Did you know?
Interest on funds you have borrowed for personal purposes are not deductible, but it is possible that available cash you have used to repay loans for investment purposes may qualify.
Have questions? Give us a call at 905-571-2665 (BOOK)!
Did you know?
Be aware of “superficial” loss, which happens when you dispose of capital property at a loss but then purchase it back less than 30 days later. This includes any property that creates any capital gain or loss such as an investment. The end result is not being able to claim the loss as a capital loss on your income tax.
Have questions? Give us a call at 905-571-2665 (BOOK)!
We’ve got you covered!
